Franchising

Not even close, says the The Network Group Managing Director Keran Wicks, who reports the company’s balance sheet remains strong as do its 300 Network Video store members around the country.

The Crust franchise has opened an ‘al Taglio’ (pizza by the slice) Gourmet Pizza Bar in the Sydney International Airport food court, as the company embarks on an aggressive expansion plan.

Snap Franchising Linited (SFL) has appointed a new Chief Executive Officer, with current COO Stephen Edwards to take up the post from 1 November. The company also detailed a transition of its corporate team from Perth to Sydney.

Metcash isn’t backing down from its acquisition of Franklins despite a decision by the Australian Competition and Consumer Commission (ACCC) to appeal the Federal Court’s decision to allow the purchase of the business from South African retailer Pick n Pay.

The Australian Competition and Consumer Commission (ACCC) has decided to appeal the Federal Court’s decision to allow Metcash to purchase Franklins, citing two specific reasons.

The Damelian Group and its nine vehicle franchises in Sydney have been placed into receivership, with $80 million owing to the National Australia Bank.

Looksmart Alterations has reported its Jeans for Genes fundraising efforts were a resounding success, with over $15,000 raised for the Children’s Medical Research Institute.

Your Friday Entrepreneur Fix this week features Emma Welsh and Tom Griffith; the childhood friends that went on to found Emma & Tom’s juices.

Jetts Fitness has partnered with Westpac to secure high-level franchise accreditation for its fast-growing franchise network.

Noodle Box started with one store in Melbourne and now stir-fries more than one million kilograms of noodles a year. Managing Director David Milne explains how the franchising model turned their business into a raging success.

The Australasian Association of Convenience Stores (AACS) has revealed it’s focusing heavily on its future, as competition from supermarkets hots up and new challenges arise.

Harvey Norman has reported a 9 percent rise in profit for the year ended June, saying its franchising operations segment continues to underpin the overall performance of the group.

Double digit revenue and profit growth is predicted for the local franchise sector in the 2011 financial year, though poor consumer confidence and unstable global financial markets are leading franchisors to be more conservative in their outlook.

The Australian Competition and Consumer Commission (ACCC) has released a statement about yesterday’s Federal Court decision to allow Metcash to acquire Franklins, unsurprisingly referring to the decision as “disappointing,” whilst consumer group Choice has cautiously welcomed the win.

The way has been cleared for Metcash to acquire Franklins, after the Australian Competition and Consumer Commission (ACCC) lost its case against the country’s biggest independent retail wholesaler and distribution company.

Three Cold Rock Ice Creamery stores in Queensland have been placed into administration after being taken to court for breaking their franchise agreements.

The first Jas My Waffles franchise location has been decided, with residents in the Macarthur region welcoming the franchise’s arrival at the Narellan Town Centre food court.

Something akin to a dating site for business, the Snap printing franchise has fused dating and business to create ‘snapmeup.com.au’; a destination for businesses seeking relationship advice.

7-Eleven is celebrating the achievement of two important milestones this week, having just opened its 500th branded store and converted its 100th Mobil retail fuel sites since acquiring the business in October 2010.

The Crust Gourmet Pizza Bar franchise has expanded to South Australia, with three stores now open in the Adelaide region.